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Nairaland Forum / Nairaland / General / Business / CBN Amends Policy For Diasporan Remittance For International Money Transfer (1019 Views)
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CBN Amends Policy For Diasporan Remittance For International Money Transfer by Afamdman(m): 6:06pm On Nov 30, 2020 |
CBN amends policy 1. Beneficiaries of diaspora remittance through international money transfers can now receive those inflows in foreign exchange (dollars USD) in any bank of their choice. 2. Such recipients of remittance may have the option of receiving these funds in foreign currency cash (USD dollars) or into their ordinary domiciliary account. So guys expect the dollar to start crashing.. 1 Like
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Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by MolarT(m): 6:09pm On Nov 30, 2020 |
Explain in Nigerian language plzzz |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by Afamdman(m): 6:31pm On Nov 30, 2020 |
You can now receive, western union and moneygram in dollars. over the counter or into your bank account in dollars. MolarT: 2 Likes |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by budaatum: 6:50pm On Nov 30, 2020 |
Afamdman:I wish I could "expect the dollar to start crashing" (in Nigeria, one should add), but knowing the banks, one can't expect they'll use the lower official rate and not add on exchange fees when I turn up for my money since it's not like this CBN directive will make them give me my dollars over the counter so I can take it to aboki for a better rate. |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by budaatum: 6:52pm On Nov 30, 2020 |
Afamdman:I doubt this is true in a country struggling for dollars. *Edit. Letter says so but banks will never comply since they would not receive the physical dollars. 1 Like |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by Afamdman(m): 7:26pm On Nov 30, 2020 |
This is exactly what the amendment is to correct. so you receive your money over the counter and go chnage with aboki. budaatum: 1 Like 1 Share |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by budaatum: 8:51pm On Nov 30, 2020 |
Afamdman:I'd love to see it work that way but doubt it ever would. We'll see. |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by okeyglm: 9:00pm On Nov 30, 2020 |
cbn is single biggest fraudster in this country. we should ask them what happen to all the foreign exchange remitted by diaspora Nigerians. remember the remittance is more 30b USD every year. what happen to those money. 2 Likes |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by kkins25(m): 9:00pm On Nov 30, 2020 |
budaatum:you need to see the trouble we went through to transfer money from naija to Ghana... I was so pissed when I heard western union in naija could only receive money but not send..... 1 Like 1 Share |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by budaatum: 9:05pm On Nov 30, 2020 |
kkins25:Western Union does not allow one to send pounds to Nigeria or to bank accounts. They convert it first and send Naira to a pickup point. 1 Like |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by olanrele78674: 10:14pm On Nov 30, 2020 |
:This is exactly what the amendment is to correct. so you receive your money over the counter and go chnage with aboki. I'd love to see it work that way but doubt it ever would. We'll see. |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by MolarT(m): 6:34pm On Dec 01, 2020 |
Afamdman:nice...but the bank account must be domiciliary or our normal bank accounts? |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by Afamdman(m): 9:49pm On Dec 01, 2020 |
It must be a Dom account. Or you collect the cash and go change with aboki. MolarT: |
Re: CBN Amends Policy For Diasporan Remittance For International Money Transfer by 12inchess: 8:35pm On Dec 08, 2020 |
Mumu people. Who is sending dollar to Nigeria. Dollar kill CBN there. In a countyr with two exchange regimes. Abeg make dem park well. |
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